Red Lion Asset Protection Ltd (07989696): administration
- Status
- Administration ended
- Administration began
- 2018-07-06
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2012-03-14
- Location
- Leeds
- Industry
- 80200 Security systems service activities
Why it went into administration
- HMRC / tax arrears
- Regulatory change or action
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 14 March 2012 in order to facilitate the purchase of the business, assets and trade of a connected company, PJS CCTV Limited (“PJSL’) from its Administrators. A sale of PJSL’s assets was concluded following the appointment of Robert David Adamson and Alistair Steven Wood of Mazars LLP on 6 July 2012.
The principal business activity was the installation and maintenance of security equipment and it predominately provided services to the pharmaceutical sector.
The Company was initially capitalised through the introduction of personal funds by its shareholders. The Company subsequently funded its operation by obtaining funding from a number of different lenders for which security was granted. The Company had two outstanding charges registered against it at the date of the Administration to Simon Hall, Avril Cook, Mark Levesley and Rowanmoor Trustees Ltd ("the Trustees”) and Lloyds TSB Commercial Finance Ltd (“Lloyds CF”).
Administrators' statement of proposals (2018-09-10) · Companies House register